AMP Matches RBA interest rate drop

AMP has announced it will match the 0.25% interest rate drop from the RBA effective 16 December 2011 for new customers and 19 December 2011 for existing customers.  The have also announced their Essential Home Loan will have an interest rate of 6.35% with no ongoing fees and until 31 March 2012 they are waiving the application and settlement fee! To see how this compares to the rest of the lenders, use our home loan comparison calculator